THE CONDO BOOK PROJECT

1622 Condominium

1622 51st Street, Brooklyn, NY 11204

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Overview

1622 is a 3-unit condo in Brooklyn.

  • Offering plan: Accepted June 2023 · 348 pages · floor plans on page 14
  • Finishes: Granite kitchen countertops, Frigidaire and GE appliances and washer/dryer hook-ups
  • Prices: $5.9 million in all ($2.6 million when first offered)
  • Common charges: $392–$1,000 a month, the sponsor's first-year estimate
  • Sponsor: 1622 R LLC, represented by The Law Office Of Jay Lichtman, PC
  • Neighborhood: Borough Park, Brooklyn
  • Subway: 13-minute walk to 18 Av (F); 13 minutes to 55 St (D)
  • Amendments: 1, the latest in May 2024
  1. SubmittedMay 2024
  2. AcceptedJune 2023
  3. 1 amendment
  4. First sale
  5. Latest sale

Sales

3 of 3homes sold (100%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through Feb 28, 2026.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 1622's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 2 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 8 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 1 May 20, 2024

Unit 1 is newly offered for sale at $3,300,000, and the plan term is extended six months.

  • Unit 1 offered for sale at $3,300,000
  • Plan term extended six months from amendment date
  • Updated Schedule A with Unit 1 pricing and common charges
What the amendment changed, line by lineSee it free →

Team

Sponsor
1622 R LLC
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection
Construction lender
CV Whole Loan Fund
General contractors
Kaufman Group, GS Interiors, JR Home ConstructionHeld the general construction permit on DOB job 321531106
Buyer's lender
U.S. BankThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 6

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R5

Today's zoning, from city data (PLUTO 26v2).

Nearby

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